Noah (NYSE:NOAH) Reaches New 12-Month Low at $9.85

Noah Holdings Limited (NYSE:NOAH) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $9.85 and last traded at $9.97, with a volume of 74000 shares changing hands. The stock had previously closed at $10.12.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NOAH shares. StockNews.com lowered shares of Noah from a “buy” rating to a “hold” rating in a research report on Friday, May 31st. JPMorgan Chase & Co. lowered shares of Noah from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $18.00 to $13.00 in a research report on Thursday, May 30th.

Noah Trading Down 4.6 %

The company’s 50-day moving average price is $12.22 and its two-hundred day moving average price is $12.13. The company has a market cap of $638.25 million, a P/E ratio of 5.39 and a beta of 0.80.

Noah (NYSE:NOAH) last posted its quarterly earnings data on Wednesday, May 29th. The asset manager reported $0.32 earnings per share for the quarter. Noah had a net margin of 31.26% and a return on equity of 9.08%. The company had revenue of $89.96 million during the quarter. Equities analysts forecast that Noah Holdings Limited will post 1.37 earnings per share for the current year.

Noah Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 3rd will be given a dividend of $2.1249 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a dividend yield of 10.4%. Noah’s dividend payout ratio (DPR) is 20.11%.

Hedge Funds Weigh In On Noah

Several large investors have recently made changes to their positions in the business. Headlands Technologies LLC bought a new position in shares of Noah during the 1st quarter valued at about $30,000. Public Employees Retirement Association of Colorado purchased a new stake in Noah during the first quarter valued at about $40,000. Dodge & Cox lifted its stake in Noah by 15.0% during the fourth quarter. Dodge & Cox now owns 26,840 shares of the asset manager’s stock valued at $371,000 after buying an additional 3,500 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Noah by 92.2% during the fourth quarter. Quadrant Capital Group LLC now owns 12,756 shares of the asset manager’s stock valued at $176,000 after buying an additional 6,120 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Noah by 34.5% during the fourth quarter. Russell Investments Group Ltd. now owns 31,011 shares of the asset manager’s stock valued at $428,000 after buying an additional 7,961 shares in the last quarter. Institutional investors own 42.67% of the company’s stock.

About Noah

Noah Holdings Limited, together with its subsidiaries, operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and enterprises in Mainland of China, Hong Kong, and internationally. It operates through three segments: Wealth Management, Asset Management, and Other Services.